Higher education institutions are moving into the July 1 implementation window for multiple federal student aid changes affecting repayment, forgiveness, and borrowing limits. Under the changes, student borrowers will see new repayment and forgiveness options, while current students face new constraints on how much they can borrow. The policy updates also include workforce-focused Pell expansion, which will allow lower-income students to use Pell for short-term training programs leading to certificates and credentials in in-demand fields. Enforcement is largely expected to fall to states, many of which have had less than a year to prepare. As colleges and financial aid offices adjust systems and communication plans, the speed of implementation heightens operational risk—especially for institutions that support CTE-to-credential pipelines and must document completion and employment outcomes to qualify.